Claude Mandil
Claude Mandil
Claude Mandilis a French businessman. Mandil is a member of the Board of Directors of Total S.A. and is the former Executive Director of the International Energy Agency...
capacity market next remain three tight
The market will remain tight in the next three years. Upstream and downstream capacity is not enough.
difficult understand
It would be difficult to understand if there was a cut.
lots lower reasons sure
(Prices) should be lower for lots of reasons this year. ...I'm not sure that will happen.
days extend increase maybe recovery stock
Maybe in 15 days we will see that the recovery in the U.S. has been better than expected. But maybe ... we will need to extend or even increase the stock draw.
side
On the refining side we need regulations to be predictable.
change energy onto outcomes planet
We must change these outcomes and get the planet onto a sustainable energy path.
barrels billion strategic
We have 4 billion barrels in strategic stocks.
decision extend market prefer release stocks whether work
We will see whether there is a need to extend the decision and release more stocks or if the market can work alone, ... ...We would prefer for the market to work alone.
damage decide short whether
We have demonstrated that we were able to decide at very short notice. We do not know a lot about Rita, whether it will make damage or not.
dirty insecure oil
[The report 'World Energy Outlook 2006'] reveals that the energy future we are facing today, based on projections of current trends, is dirty, insecure and expensive.
moments capacity wells
The market is perfectly well supplied at the moment but spare capacity is very limited.
oil risk embargo
I can tell the negotiators, please, when you consider all the options, do not be constrained by the risk of an oil embargo on Iranian oil.
country exercise maintenance
The IEA member countries will exercise flexibility in re-establishing their emergency stock levels through 2006, noting the need to take into account seasonal demand and the possibility of higher than expected refinery maintenance.
basis caused convinced decided difficult economy hurricane hurt lack last offset prices reserve response shortage since situation spare
What we decided was in response to a shortage caused by Hurricane Katrina, in a situation where there was lack of spare capacity, which is much more difficult to offset without the reserve release. The prices are a signal, but not the basis for us to decide. We are convinced that they have hurt the economy since last year.